Nintendo planning massive share buyback as Wii U flops

By Shawn Knight ยท 24 replies
Jan 29, 2014
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  1. Nintendo is planning to spend up to 125 billion yen ($1.2 billion) to buy back as many as 10 million shares. The decision comes after a lackluster holiday season that saw casual gamers shun the Wii U in favor of...

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  2. treeski

    treeski TS Evangelist Posts: 990   +233

    For consumers, it would be best if Nintendo sold its franchises or changed to a game developer, with no hardware. Mario, Zelda, Donkey Kong etc. should all be cross platform, with new single player and multiplayer online games.
  3. ikesmasher

    ikesmasher TS Evangelist Posts: 3,000   +1,320

    If nintendo just made a normal console for a super competitive price (it doesnt need the hardware that XB1/PS4 have), I would be all over it. So would millions of other people.
    SantistaUSA likes this.
  4. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    I hope Nintendo brings ROMs to iOS and Android. Now that is where the money is at.
  5. cmbjive

    cmbjive TS Booster Posts: 777   +138

    I don't know about selling their franchises (that'd be suicide), but I would love to see Nintendo give up hardware and go multiplatform.
  6. TrueBooleanFals

    TrueBooleanFals TS Member Posts: 76   +12


    Have you used an emulator on a smartphone, yet..? Drains battery way too fast, controls on touch screen are just pure suck, even if you set them to a physical keyboard like I did on my MotoDroid1. I could barely play *GBA* games, but could do NES/GB/GBC games because that only required six buttons.

    You just cannot get any decent games on these things... even tablets.

    *EDIT* changed 'NDS' to 'GBA'
    9Nails and cmbjive like this.
  7. Sniped_Ash

    Sniped_Ash TS Maniac Posts: 253   +108

    Yeah, this. Those franchises are absolutely gold and the biggest reason to buy Nintendo hardware in the first place. There's no way they're going to give that up.

    It's kind of sad watching the Wii U debacle unfold because it was we could see it coming a mile away. When the gaming press came back from that first E3 and couldn't actually explain to gamers what the Wii U actually is and why they should buy one, it was clear that Nintendo was making a horrible mistake.
    SantistaUSA likes this.
  8. treeski

    treeski TS Evangelist Posts: 990   +233

    That's why I say I want Nintendo to dump their hardware. Either sell off the company completely (either in a lump sum or individual franchises) or simple transition to a software/services only company.
  9. @ treeski
    Nintendo have always been rather successful with their hardware. It was only the Wii U where they had issues so I still don't see why they should do what you want them to do (sell off the company completely (either in a lump sum or individual franchises) or simple transition to a software/services only company).

    They also don't really have any debt as this point so what they're currently doing by reanalyzing the situation and what should be done next to fix the problems is a better way to do. What you want to do should be done as a last resort if they really fail after fail. But they're not.
  10. treeski

    treeski TS Evangelist Posts: 990   +233

    Well, like I said in my first post, I think it's what would be best for consumers... not necessarily the company :p
  11. Does that mean no more games coming out for Wii U? what about all the people who brought one? surely u cant just forget about them.
    St1ckM4n likes this.
  12. TomSEA

    TomSEA TechSpot Chancellor Posts: 2,718   +860

    I'm not sure that the Wii U has "issues," it's just the same thing as a Wii but with marginally better graphics and a goofy controller. People didn't want to pay twice for the same machine. Also, the novelty of the Wii Remote controller has worn off as well as all the family games that attracted non-gamers to the original Wii. They're all playing Farmville or Candy Crush now. Nintendo just wasn't very innovative with the Wii U in either its hardware or software for what was considered a next gen release.
    treeski likes this.
  13. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 9,730   +3,703

    If the Wii U is a flop, why buy back the shares? Are the share holders legally protected?
  14. Adhmuz

    Adhmuz TechSpot Paladin Posts: 1,828   +633

    Who are all these people you are refering to? I know almost everyone has the original Wii, mostly collecting dust or used for playing SSB. The Wii U? Don't know anyone who bought one, even friends with young children stayed away from it. If Nintendo is going to have any chance in the next console wars they need to think of something fast, a new console with similar hardware specs released just in time for Christmas with a lineup including all their big tittles would give Sony and Microsoft a run for their money. I wouldn't buy it, however I'm not a fan of anything Nintendo other than the original Gameboy, but again, I know a lot of die hard Nintendo fans that would without hesitation.
  15. ikesmasher

    ikesmasher TS Evangelist Posts: 3,000   +1,320

    What would be best for consumers would be if nintendo offered a really good console for half the price of the PS4 and xb1. The primary price causer of the Wii U was the tablet controller...and nobody really buys a wii u for that, they buy it for the franchises. The 3ds is successful because its affordable, non-gimicky (for the most part), reliable, and has a fantastic game library. The wiiu, if you think about it, has a couple of great exclusives but thats it.
  16. You know what killed the WiiU? Not releasing the games that people want!!! I know personally at least 3 people who would have bought one if they had come out with a new Super Smash like they were supposed to. People buy consoles for the games that are on them and WiiU's selection is rather weaksauce.
  17. St1ckM4n

    St1ckM4n TS Evangelist Posts: 2,922   +630

    Just ditch the freaking gamepad and slash he cost of your console by $100-150! Do this as well as release Mario Kart + Smash Bros + Donkey Kong, with Zelda not far off. Only then will people take WiiU seriously. [By the way, I own one.]
  18. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    I have not buy my friend plays some sort of Pokemon game and he says its ok. You may be right.
  19. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    Dude the gamepad is beast. You can play games off-screen.
  20. ikesmasher

    ikesmasher TS Evangelist Posts: 3,000   +1,320

    it may be beast, but it should be an optional accessory. The cost it adds to the console makes it not even considerable to me as much as id want one.
    Jad Chaar and St1ckM4n like this.
  21. BlueDrake

    BlueDrake TS Evangelist Posts: 378   +112

    That's what has Nintendo between a rock and a hard place. They have dedicated Wii U users along with casual users, so if they up and drop the console? It would look bad on them for dropping it after a few years, not to mention any devs who 'might' be working on something. Way to burn both your customers and third parties, so it's looking to be a wait and see period.

    Find any means of pushing the console, but in the background work on a possible replacement. They have been living in a closed loop bubble, pretty much since the start and it worked wonders for the most part. Also been the innovation company for the most part, what has Sony or Microsoft offered that's sparked a new way of gaming?

    They have to come out of their bubble world, and actually take to heart what would work. That doesn't mean throw down hardware, that's pretty much all about power. It hasn't been how Nintendo focused on anything, nor is it the way of winning a console war. Least my general feeling of things, you're basically trying to brute force control the market with power.

    Obviously it's split between Sony and Microsoft because of course, both have their own exclusives among other things. 'Hardcore' gamers and I use the term loosely, just want the next best thing and it's really silly. "Hooray that consoles are closing in on PC hardware, except not really as PCs will continue to march forward kind of deal."

    Nintendo is looking at things as a means of solution, don't count them out because of a stumble like this. They also have to play out the console, until they have a means of not burning consumers. People still pick up the console so what would you do, if you bought the console on the last day of support? Just out of the blue were told: "We're sorry but we decided to shift our focus from the Wii U, and onto a new console we have planned to hopefully be what people want."

    Hopefully people take that a bit to heart, before recommending they give up everything. It's not in anyone's best interest to do it, least of all customers because it won't work out. I'm sorry but mobile market + Nintendo games? Never will happen outside the dedicated handheld market, until there's some logical means of playing it. Phones and tablets are not logical for these games, and I don't want to see them dumbed down for casuals.
  22. tipstir

    tipstir TS Ambassador Posts: 2,476   +126

    Wii Black WiFi features are not longer working. Tells me thanks. Gone is the Weather and World news. Does this feature work on Wii U Black. I still won't buy the Wii U. If it was $99 maybe. Mini Wii Red seems to be selling good local Walmarts here sold out at a price at $89 bucks sure goes quicker than $299.
  23. I'd buy one in a heartbeat if that happened.
  24. I only bought one of these because it included Mario Kart as well as a wii remote and nunchuck which are still worth a good penny. (I have one of the original wii's that you can play gamecube games on) The console itself is very basic and I didn't even realize it had no internet capabilities until too late.
  25. John Pombrio

    John Pombrio TS Rookie

    Stock buybacks are sheer manipulation of the share price in order to benefit only large stockholders and company officials. It does NOTHING for the company except spend money that could be used better elsewhere. ALWAYS a bad sign when a company does this.

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